The Best Inflation News This Week Actually Came Out of Congress

Inflation slowed again during December, offering further hope that the worst of last year's price increases is now in the past.

And maybe there's reason to hope that lawmakers have learned a lesson about how government policy worsened that crisis, too.

Bureau of Labor Statistics data released Thursday morning show that prices were 6.5 percent higher in December than they had been 12 months earlier. That's down from the 7.1 percent annualized inflation rate posted in November and far better than the peak rate of 9.1 percent in June. The falling...